Yes. Top 10% are propping up more than half of consumer spending and the stock market being drive by less than a dozen companies. |
Driven by |
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According to [Moody's analytics], the following states are in a recession:
Wyoming, Montana, Minnesota, Mississippi, Kansas, Massachusetts, Washington, Georgia, New Hampshire, Maryland, Rhode Island, Illinois, Delaware, Virginia, Oregon, Connecticut, South Dakota, New Jersey, Maine, Iowa, West Virginia and Washington, D.C. It’s more sobering news for the economy, as last week U.S. hiring plans fell to their lowest level since 2009. |
Well, I’m not feeling it. I’ve been through recessions. |
Consider yourself lucky, then. There are a lot of people who are hurting right now and it is only going to get worse. |
I feel the same way about natural disasters and wars. If I’m not feeling the effects personally, I just don’t believe they’re happening. Problem solved! Who wants cake? |
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Trump regime admits its policies are creating food price inflation. The solution: import low wage workers from overseas! All the MAGAs assured me there were lots of Americans willing to do these jobs? Were you lying to me?
https://www.washingtonpost.com/business/2025/10/11/immigration-crackdown-food-prices/ |
Mine went down substantially from a ridiculously high rate, but that’s because I let them run spyware on my driving for 9 months and they realized I’m a near perfect driver who only goes to work and back and a few close errands every week so I’m very low risk for accident. In general auto insurance rates where I live, and where they are highly regulated, are nevertheless crazy expensive. I work in home healthcare these days and while I usually hope (in the nicest way, because it’s mostly hospice work) for my patients to pass away, my current gig is good hours and good terms and I’m struggling to be glad that my patient is relatively healthy despite being profoundly disabled because while this work is typically somewhat recession proof, I’d rather not be out there looking in the current job market. My state is one that is listed as being in a recession at present. I truly cannot understand how anybody could be so foolish as to think that the current administration has been any good for this country. This time last year I was anxious about the upcoming election but otherwise bullish in all other aspects - now it’s definitely the bear. |
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The gap between those who are well and aren't well is getting larger daily. Next yr will be worse. But if you are in certain industries - legal, renewables/energy, finance/accounting, healthcare and tech/AI, you are going to be good. So long as you have income, you prob are in a high growth job that hasn't taken a hit. Add that the market is sky high, of course many are doing fine now even with prices rising.
Next yr will be more painful all around. When the market tanks and tariffs start impacting heavier, when we see more probs with travel, illnesses, shortages in stuff, things that the govt may have impacted, that's when we start as a society really understanding where we are. Then things will need to get worse for awhile before we turn the tide. We are still at the sniffles stage where we can function and it's just a bit of feeling run down. We are nowhere near all out sickness - yet. It's a matter of time but I think the market will drive the timing. As long as the rich have their portfolios in good shape, it's still out of sight out of mind. |
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+1 DH laid off, private sector. Job market is brutal. |
Literally everything but gold tanked on Friday, all because of Trump. Hope people weren't planning on retiring anytime soon. |
With the Republicans wanting to cut healthcare subsidies and benefits and throw the disabled under the bus, I'd say your job is very much at risk. |
We've been saying this all along, going back to when Stephen Miller first reared his ugly racist head. But apparently MAGA needs to learn everything the hard way. |